Knight Frank downgrades international prime property price forecasts
"A lot has changed in global property markets since we issued our last global prime residential forecast in December 2021," says Knight Frank. "The recession threat has broadened, inflationary pressures have soared and mortgage rates are on the up."
Prime property markets around the world have proven "largely resilient" in the face of this year's happenings, reports Knight Frank. Th
Of the world's major prime cities, Seoul, Berlin and Sydney are set to see the highest rates of luxury property price inflation in 2021, forecasts Savills.
“House price growth is peaking as supply rebuilds and mortgage rates normalise," says Knight Frank's research chief, Tom Bill.
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‘A seismic evolution’: Second Generation build-to-rent developments ‘feel more like lifestyle hotels’
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